REGISTERED COMPANY NUMBER: 08511224 (England and Wales)
REGISTERED CHARITY NUMBER: 1155597
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
FOR
WORK-WISE FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

WORK-WISE FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 202S
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
10 to 11
Statement of Financial Activlties
12
Balance Sheet
13 to 14
Notes to the Financlal Statements
15 to 26
Detailed Statement of Financial Activities
27 to 28

WORK-WISE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 APRIL 2025
TRUSTEES
M Cooper
C P Hudson MBE
D J O'Hara
J Ray (appointed 1.5.25}
REGISTERED OFFICE
137 Carlisle Street
Sheffield
S47U
REGISTERED COMPANY NUMBER 08511224 {England and Wales)
REGISTERED CHARITY NUMBER 1155597
INDEPENDENT EXAMINER
Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB
BANKERS
Santander
2 Triton Square
Regent's Place
London
NWI 3AN
Page I

WORK-WISE FOUNDATION (REGISTERED NUMBER: 085112241
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees present their annual report together with the financial statements of the company for the
year l May 2024 to 30 April 2025. The annual report serves the purposes of both Trustees, Report and
Directors, report under company law. The Trustees confirm that the Annual Report and financial statements
of the Charitable Company comply with the current statutory requirements, the requirements of the
charitable company's governing document and the provisions of the Statement of Recommended Practice
(SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable to the UK and Republic of Ireland.
The past year has seen a growth in activity and expansion of the team with a joint part time CEO and
Marketing Manager. This has helped meet demand for our services and take on delivery of additional
activities, most notably The Sector Routeways into Manufacturing and Warehousing programme. Key
events continued to perform strongly with growth in both Get up to Speed with STEM (which celebrated its
15th anniversary and expanded to 2 days) and North Star Science School.
The Work-wise Foundation continues to respond and offer increased new opportunities, for young people,
the unemployed and those employers who are looking to fill skills gaps. Recruitment and finding a pipeline
of job ready young people continues to be a major challenge for employers, not just in science, technology,
engineering and manufacturing sectors but increasingly in many other sectors too.
We have continued to deliver well established activities and events including the above and our Summer
Employability Academy and Vulcan Education Programmes. Our reach has been extended with some
activities beyond South Yorkshire. We have also been able to offer more and new opportunities through
initiatives such as STEMM-Wise and Build it Green.
We have continued in our key collaboration with Gullivers Valley Theme Park and the developrnent of Skills
street CIC and have now moved our operational office to Skills Street which is due to open its doors to
visitors from May 2025. Offering new opportLJnities for collaboration and programme development and a
real opportunity to grow and strengthen.
We are committed to staff development and are pleased that our Sales and Marketing Trainee has now
successfully completed her Level 3 Apprenticeship on Digital Marketing, passing with distinction. As always,
we are very grateful to our funders, volunteers and employers, without whose resources, skills, experience
and enthusiasm we wouldn't be able to provide the sUPPOrt and impact that is so greatly needed.
We continued to be proud of what we achieve year on year as a small organisation and look forward to
continuing to build on the support we are able to offer to young people and those seeking employment
from all backgrounds and communities, those who educate and support them and the business community
who benefit from a better informed, more confident and better prepared future workforce.
Page 2

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
OBJEcfivES AND AcfiviTIES
Objectlves
The Work-wise Foundation is an 'employer inspired and led,, practical educational initiative with the
purpose of supporting the development of young people and others in the Sheffield City Region and
surrounding areas so they have the knowledge, skills, aptitude and opportunities to make a successful
transition from education to adult and working life.
The objects of the Charity are to act as a resource for young people up to the age of 25, and vulnerable
adults up to the age of 30, living in the Sheffield City Region and the surrounding area, by providing advice
and assistance and organising programmes for education, training and other activities as a means of:
o Advancing in life and helping young people by developing their skills, capacities and capabilities to enable
them to participate in society as independent, mature and responsible individuals.
- Advancing education.
Relieving unemployment.
Providing recreational and leisure time activity in the interests of social welfare for people living in the
areas of benefit who have need by reason of their youth, age, infirmity/ disability, poverty or social and
economic circumstances with a view to improving the life of such persons.
Page 3

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
OBJEcfivES AND ACTIVITIES
Activities
The Work-wise Foundation helps to bridge the gap between education/worklessness and employment. It
translates learning and aptitude into employability and attributes that will enable young people to enter the
workplace. Work-wise is unique in that it is designed, led, assessed and evaluated by the private sector.
Work-wise companies not only contribute financially into the Foundation, they also commit to providing
experiences and opportunities to industry standards as well as opening up their own job opportunities to
young people as their business expands through recruitment onto apprenticeships, graduate recruitment
programmes etc.
Work-wise is relevant to all young people, from those in mainstream education to those with Special
Education Needs and Disabilities (SEND) to those who are home educated, and supports all levels of
learning and training, being equally appropriate for graduates and NEETS (Not in Education, Employment or
Training) as it is for young people who do not wish to go into further and higher education. It is about work
readiness, work awareness and work inspiration for all, and is now using the learning from its
manufacturing and engineering beginnings to extend into other sectors, broadening the range of
opportunities for young people, including offering opportunities to home educated young people and more
generally from primary age upwards. The last four years has seen these opportunities be able to reach even
more young people through development of new programmes, expansion of exiting events and
programmes and also offering on-line and virtual opportunities.
We deliver a number of standard programmes (Face to Face and Virtual) and also customised and
personalised programmes to meet individual needs.
Our core activities have included:
Virtual and face to face Employability programmes delivered to young people still in school, FE or HE
providing an extended introduction to the world of work and the skills and attitudes employers are looking
for, plus progression routes into employment.
Interactive and inspirational careers, information and advice events and workshops including regional
showcase careers events for the Sector
Get up to Speed with Science, Technology, Engineering and
Manufacturing, and The North Star Science School. Both delivered in 2024/25 face to face reaching over
7,000 young people and educators.
Modular programmes including What Employers Want, Teambuilding sessions, Skills Matter activities and
STEMM-Wise days
Employability Summer Academy's and extended employability programmes designed to fit around the
curriculum.
Careers Speed Networking cross sector sessions in Schools and attending schools careers sessions and
evenings.
Introducing Primary age students (Year I to Year 6) to STEAM (Science, Technology Engineering, Arts and
Maths) and jobs raising knowledge, aspirations and awareness of the varied jobs and careers in STEAM.
An education partnership with The Vulcan to the Sky Trust to introduce young people {primary and
secondary age) into STEM experiences and careers through Vulcan XH558, an iconic peace of British
engineering. These include the new Flying Roadshow Primary Days as well as competitions and challenges.
Page 4

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
REPORTOF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
OBJECTIVES AND ACTIVITIES
Attending and supporting careers days/speed networking and events in secondary schools and HE
establishments.
Working in partnership with Sheffield College to deliver an Employer Skills Academy and introduce
students to employers to help bring their learning to life.
Delivering Sector Routeways into Manufacturing and Warehousing Training programmes for those
interested in pursuing a career in these job roles, delivered to all ages from School leavers to those older
unemployed individuals.
Developing and piloting new artivities, modules and materials that will embed
green and sustainability knowledge and skills in future employees. Such as Build it Green.
Supporting the development of Skills Street CIC World of Work and Careers attraction, opening in May
2025
We also deliver a number of support programmes for employers, communities and educational
establishments to enable them to develop sustainable partnerships to open up opportunities for young
people and help with transition from education and unemployment into work. We offer mentoring for
employers as well as young people and have developed a" Be Prepared" Tool Kit and a range of training
specifically for employers to help them engage more effectively with young people and help young people
remain in employment and succeed.
Our activities also include ensuring the Health and Safety and safeguarding of all participants and
beneficiaries.
Page 5

WORK-WISE FOUNDATION {REGISTERED NUMBER: 085112241
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
OBJECTIVES AND ACTIVITIES
Public benefit
In all activities the Trustees have had regard to the guidance issued by the Charity commission on public
benefit.
The Work-wise Foundation exists to deliver public benefit. Beneficiaries come from across the Sheffield Citv
Region, with the added value of some benefitting from further afield
Our main activities are to help inspire, inform and provide practical advice, hands on activities, support,
skills and resilience to our beneficiaries helping them better prepare for future life and work.
Why is this needed:
Globally youth unemployment has been at a record high in the last decade.
Forecast increases in youth unemployment. The COVID-19 Pandemic has only sep4ed to heighten this
problem and is likely to have a continued negative impact over the coming years
Industry continues to highlight skills and the lack of young people coming into the industry as a key
challenge and concern.
The commonly held consensus is that, on the whole, young people are inadequately prepared for work.
This is a viewpoint that continues to prevail.
There are no nationally agreed aims and outcomes for education - preparing young people for work does
not seem to be integral to the education system. However, The Gatsby Career Benchmarks, adopted in the
Government's Careers Strategy re-enforce the message that the more interactions young people have with
employers, the more likely they are to succeed in gaining meaningful employment.
Potentially generations of lost talent, impacting both economically and socially as many young people
become NEET (Not in Education, Employment or Training).
- A reduced number of young people starting and completing new apprenticeships.
The Work-wise Foundation is part of the solution to these challenges:
Work-wise is now a well-established brand in our Sheffield City Region and a go to organisation to help
resolve these challenges. Its prime purpose is to make our young people 'Work wise, helping them make
the transition from education into employment.
Work-wise is quite unique in its approach. The charity was established by volunteer business leaders and
has been designed by employers aligned to recruitment competencies.
Work-wise framework is designed as an exit programme from education and training into work - its
flexibility making it appropriate for all sectors, ages, qualifications, size of company etc.
Work-wise removes barriers to work and apprenticeship opportunities, providing an essential 'pipeline' of
work ready people who are 'fit for purpose, for local industry. It also works with young people who are
NEET or who are at risk of becoming NEET.
Page 6

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
ACHIEVEMENT AND PERFORMANCE
Review of Activities
The past year has seen a consolidation in activities and continued strong demand for our existing and new
services and allowed us to continue to support individuals and organisations.
We continue to receive amazing support from many industry and education/community leaders and utilise
our forums which include employers, professionals. volunteers, teachers and other key stakeholders.
This and the continuing ongoing impact of the pandemic, particularly on young people, the cost of living
crisis and international factors have reinforced our belief that there is a desire and need for the work of the
charity.
During the year some of our key achievements were:
Engaging with 10.032 beneficiaries in STEM and other employability related activities.
Inspired and informed over 7,000 young people and educators through major events, Get up to Speed
with STEM and North Star Science School.
- Worked with and supported 456 employers and employees
Supported 2,538 individuals, including primary children, secondary. college and university students,
families and unemployed adults.
Had 38 young people {aged 14-18) graduate from our STEM employability Academies.
The full impact and outcomes of our activities are not always quantifiable in the short-term, but feedback
we get on our events and activities is always very positive from students, educators and parents and also
from employers. Here's just one example of recent feedback received:
"It was the best decision l ever made, coming on The Work-wise Summer Academy. You've had a great
impact on my career, and I think it's brilliant you are able to open doors for school leavers to engineering
and STEM through your work"
FINANCIAL REVIEW
Financial review
After a year of heavy investment in 2023124 to help future proof the Charity 202415 has seen a year of
growth in trading levels with a turnover of £241,045 (up from £194,748) with a small loss of £1,507. Income
came from restricted donations/ grants, unrestricted donations from employers, individuals and trusts and
also from services provided as detailed in the accounts. There was a one off exceptional additional
investment in the year to support the 15th Anniversary of Get up to Speed with STEM.
The Trustees, aim to have reserves of up to £35,000 in the short term. This amount is broadly equivalent to
three months fixed costs and will allow the Charity to respond to any short-term fluctuations in income.
Given the current positive outlook and expected growth in 2025/26 due to secured additional contracts the
Trustees do not consider that any reserves should be held to cover unplanned closure. The Trustees review
the reserves policy annually.
Page 7

WORK-WISE FOUNDATION (REGISTERED NUMBER.. 08511224)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
FINANCIAL REVIEW
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.
Charlty constltutlon
Registered as a charitable company limited by guarantee and was set up by a Trust deed.
The company is constituted under a Trust deed and is a registered charity, number 1155597.
Governance of The Work-wise Foundation is detailed in the Memorandum and Articles of Association
dated 30 April 2013.
Methods of appolntment or electlon of Trustees
The minimum number of Trustees for The Work-wise Foundation is two. Recruitment and appointment of
new trustees is by ordinary resolution. The Charity may appoint a person who is willing to act to be a
Trustee and determine the rotation by which any trustees are to retire.
The Trustees manage the business of the Charity and may exercise all the powers of the Charity unless they
are subject to any restrictions imposed by the Companies Acts, the articles or any special resolution.
FUNDS HELD AS CUSTODIAN FOR OTHERS
No funds are held by the Charity as custodian trustee.
Page 8

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees {who are also the directors of the company for the purposes of company law) are responsible
for preparing the Trustees, report and the financial statements in accordance with applicable law and
United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company
law the Trustees must not approve the financial statements unless they are satisfied that they give a true
and fair view of the state of affairs of the company and of its incoming resources and application of
resources, including it5 income and expenditure, for that period. In preparing these financial statements,
the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP (FRS 102).
make judgements and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the company's transactions and disclose with reasonable accuracy at any time the financial position
of the company and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 June 2025 and signed on its behalf by:
C P Hudson MBE - Trustee
Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224>
Independent examiner's report to the trustees of Work-wise Foundation ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30 April 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out
my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of
the 2011 Act.
Page 10

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
SLAvtr
Scott Mell
Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB
Date:
9 q Jla.. L)LS
Page 11

WORK-WISE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNn
FOR THE YEAR ENDED 30 APRIL 2025
30.4.25
Total
funds
30.4.24
Total
funds
Unrestricted Restrirted
fund
funds
Note5
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,883
21.458
27.341
22,797
Charitable actlvities
Service5 provided
213.704
213,704
171,951
Total
219.587
21,458
241,045
194,748
EXPENDITURE ON
Raising funds
73,786
73,786
55,670
Charitable artlvltles
Services provided
Governance
135.156
4,029
23,955
159,111
4.029
159,893
3,265
Other costs
5.626
5,626
4,197
Total
218.597
23,955
242,552
223,025
NEf INCOME/(EXPENDITURE)
990
(2,497)
(1,507)
(28,277)
RECONCILIATION OF FUNDS
Total funds brought forward
21,426
4,997
26,423
54,700
TOTAL FUNDS CARRIED FORWARD
22,416
2,500
24.916
26,423
The notes form part of these financial statements
Page 12

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
BALANCE SHEEr
30 APRIL 2025
30.4.25
Total
funds
30.4.24
Total
funds
Unrestricted Restrlcted
fund
fvnd5
Notes
CURRENT ASSETS
Stocks
Debtors
Cash in hand
14
15
108
9.236
27,930
108
9.236
30.430
108
8,867
45,270
2.500
37,274
2.500
39.774
54,245
CREDITORS
Amounts falling due within one year
16
(14.026)
(14,026)
(21,990)
NET CURRENT ASSETS
23,248
2,500
25,748
32,255
TOTAL ASSETS LESS CURRENT LIABILITIES
23,248
2,500
25,748
32,255
CREDITORS
Amounts falling due after more than one
year
17
{832)
(832)
(5,832)
NET ASSErs
22,416
2,51XI
24,916
26,423
FUNDS
Unrestricted funds
Restricted funds
19
22.416
2,500
21,426
4,997
TOTAL FUNDS
24,916
26,423
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 30 April 2025.
The members have not required the company to obtain an audit of its financial statements for the year
ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
Page 13
continued...

WORK-WISE FOUNDATION (REGISTERED NUMBER: 08511224)
BALANCE SHEEf- contlnued
30 APRIL 2025
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
{b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2025
and were signed on its behalf by:
CPHU
son MBE- Trustee
The notes form part of these financial statements
Page 14

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
COMPANY STATUS
The charity is a private company Ilmited by guarantee incorporated in England and Wales. The
members of the company are the trustees named on page l. In the event of the charity being wound
up, the liability in respect of the guarantee is limited to £10 per member of the charity. The
registered office is shown on page l.
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest pound.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
Expendtture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Governance costs include costs of the preparation and examination of the statutory accounts, the
costs of trustee meeting and any legal advice to trustees on governance or constitutional matters.
Costs of generating funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Page 15
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025
ACCOUNTING POLICIES - continued
Expenditure
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the us of resources, for example, allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Cost is calculated using a first-in, first-out method and includes all purchase, transport and handling
costs that have been incurred in bringing the stocks to their present location and condition.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Penslon costs and other post-retlrement beneflts
The charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company's pension scheme are charged to the Statement of Financial Activities in the
period to which they relate.
Government grants
Government grants receivable are recognised when there is a reasonable assurance that the grant
conditions will be met and is included within other operating income.
Page 16
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 APRIL 2025
DONATIONS AND LEGACIES
30.4.25
30.4.24
Donations
27.341
22,797
INCOME FROM CHARITABLE ACTIVITIES
30.4.25
30.4.24
Activlty
Services provided
Charitable activities
213.704
171,951
RAISING FUNDS
Other trading actlvitie5
30.4.25
30.4.24
Staff costs
73,786
55,670
CHARITABLE AcfiviTIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
note 8)
Totals
Services provided
Governance
159,111
159,111
4,029
4,029
159.111
4,029
163,140
Page 17
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 APRIL 2025
DIREcf COSTS OF CHARITABLE AcfiviTIES
30.4.25
30.4.24
Staff costs
Postage and stationery
Advertising
Sundries
Direct project costs
Establishment project costs
Office expenses
Travel & entertainment
Subscriptions
Interest payable and similar charges
30,055
43,301
299
18,971
1,920
64,976
25,983
2,335
1,305
448
355
8,517
2.025
69,312
42,884
3,993
870
546
265
159,111
159,893
SUPPORT COSTS
Governance
costs
Governance
4,029
OTHER COSTS
30.4.25
30.4.24
Establishment costs
Office costs
Interest payable and similar charges
2,795
2,617
214
2,187
1,671
339
5.626
4,197
Page 18
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2025
10. NET INCOME/(EXPENDITURE)
Net income/{expenditure) is stated after charging/(crediting):
30.4.25
30.4.24
Independent examiner's fee
2.400
2,200
11. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 April 2025 nor for the
year ended 30 April 2024.
Trustees. expense5
There were no trustees, expenses paid for the year ended 30 April 2025 nor for the year ended
30 April 2024.
12. STAFF COSTS
30.4.25
30.4.24
Wages and salaries
Social security costs
Other pension costs
105,435
2,273
2,420
95,131
1.456
2,383
110,128
96,565
The total amount of employee benefits received by key management personnel £69,347 (2024:
£57,577).
The average monthly number of employees during the year was as follows:
30.4.25
30.4.24
Management
Charitable activities
No employees received emoluments in excess of £60,000.
Page 19
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,175
21,622
22,797
Charltable activltles
Services provided
171,951
171,951
Total
173,126
21,622
194,748
EXPENDITURE ON
Raising funds
55,670
55,670
Charltable actlvltles
Services provided
Governance
125,245
3,265
34,648
159,893
3,265
Other costs
4,197
4,197
Total
188,377
34,648
223,025
NET INCOME/(EXPENDITURE)
(15,251)
(13,026)
(28,277)
RECONCILIATION OF FUNDS
Total funds brought forward
36,677
18,023
54,700
TOTAL FUNDS CARRIED FORWARD
21,426
4,997
26,423
Page 20
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2025
14. STOCKS
30.4.25
30.4.24
Stocks
108
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25
30.4.24
Trade debtors
Prepayments and accrued income
6.224
3,012
8,753
114
9.236
8,867
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25
30.4.24
Bank loans (see note 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
5,000
1,103
1.574
3.620
529
2,200
5,000
2,325
1,368
1,097
12,200
14.026
21.990
Page 21
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.25
30.4.24
Bank loans {see note 18)
832
5,832
18. LOANS
An analysis of the maturity of loans is given below:
30.4.25
30.4.24
Amounts falling due within one year on demand:
Bank loans
5,000
5,000
Amounts falling between one and two years:
Bank loans- 1-2 years
832
5,832
19. MOVEMENT IN FUNDS
Net
movement
In funds
At
30.4.25
At 1.5.24
Unrestrlcted funds
General fund
21,426
990
22,416
Restricted funds
South Yorkshire Community
Foundation
Chruch Burgess
4,997
(4,997)
2,500
2.500
4.997
(2.497)
2.500
TOTAL FUNDS
26,423
(1.507)
24.916
Page 22
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR_ TH_E YEA_R_ ENDED 30 APRIL 2025
19.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resource5
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
219,587
(218,597)
990
Restricted funds
South Yorkshire Community
Foundation
Ironmongers
Chruch Burgess
Remark learning
14.997)
(15,000)
(2.500)
(1.458)
(4,997)
15,000
5.000
1,458
2.500
21,458
(23.955)
(2,497)
TOTAL FUNDS
241.045
(242,552)
(1,507)
Comparatives for movement In funds
Net
movement
In funds
At
30.4.24
At 1.5.23
Unrestrlcted funds
General fund
36,677
(15,251)
21,426
Restricted funds
South Yorkshire Community
Foundation
Social Investment Business Grant
7,833
10,190
{2,836)
(10,190)
4,997
18,023
(13,026)
4,997
TOTAL FUNDS
54,700
(28,277)
26,423
Page 23
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 APRIL 2025
19.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
173.126
(188,377)
(15,251)
Restricted funds
South Yorkshire Community
Foundation
Ironmongers
Social Investment Business Grant
4,997
16,625
(7,833)
{16,625)
(10,190)
(2,836)
{10,190)
21,622
(34,648)
(13,0261
TOTAL FUNDS
194,748
(223,025)
{28,277)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
30.4.25
At 1.5.23
Unrestricted fund5
General fund
36,677
(14,261)
22,416
Restrlcted funds
South Yorkshire Community
Foundation
Social Investment Business Grant
Chruch Burgess
7,833
10,190
(7,833>
(10,190)
2,500
2,500
18,023
(15,523)
2,500
TOTAL FUNDS
54,700
(29,784)
24,916
Page 24
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEA_R_ ENDED 30 APRIL 2025
19.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in
the above are as follows:
Incomln8
resources
Resources
expended
Movement
In funds
Unrestricted funds
General fund
392,713
(406,974)
(14,261)
Restricted funds
South Yorkshire Community
Foundation
Ironmongers
Social Investment Business Grant
Chruch Burgess
Remark learning
4,997
31,625
(12,830)
{31,6251
(10,1901
(2,500)
(1,458)
(7,8331
{10,190)
2,500
5,000
1,458
43,080
(58,603)
{15,523)
TOTAL FUNDS
435,793
(465,577)
(29,784)
Restricted funds are used for particular restricted purposes. Restricted funds comprise of income and
expenditure in relation to the provision of events and projects that further the objectives of the
company.
20. RELATED PARTY DISCLOSURES
M Cooper, a trustee of the company, is also a director of CBE Plus Ltd. The charitable company
recognised sponsorship income in the year from CBE Plus Ltd of £14,400 (2024: £11,000) and income
for services provided of £113 {2024: £94).
C Hudson. a trustee of the company. is also a director of Chimo Sheffield (Manufacturing) Limited.
The charitable company recognised a reimbursed expense of £nil (2024: £nil) in relation to Chimo
Sheffield (Manufacturing) Limited.
Page 25
continued...

WORK-WISE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2025
21. OEFERRED INCOME
The following amounts are included in creditors falling due within one year.
2024
2024
Balance at l May
Amount released to incoming resources
Amount deferred in the year
10.000
(6000)
22,625
{18,625)
6,000
Balance at 30 April
10,000
Page 26

WORK-WISE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 202S
30.4.25
30.4.24
INCOME AND ENDOWMENTS
Donations and legacles
Donations
27.341
22,797
Charitable activltles
CharitabSe activities
213,704
171,951
Total incomlng resources
241,045
194,748
EXPENDITURE
Other trading activities
Wages
Social security
Pensions
70,641
1.523
1,622
53,510
820
1,340
73.786
55,670
Charltable activities
Wages
Social security
Pensions
Postage and stationery
Advertising
Sundries
Direct project costs
Establishment project costs
Office expenses
Travel & entertainment
Subscriptions
Bank charges
28,506
750
799
644
8,517
2,025
69.312
42,884
3,993
870
546
265
39,462
1,456
2,383
299
18,971
1,920
64,976
25,983
2,335
1,305
355
159.111
159,893
Other costs
Establishment costs
Carried forward
2,795
2.795
2,187
2,187
This page does not form part of the statutory financial statements
Page 27

WORK-WISE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2025
30.4.25
30.4.24
Other costs
Brought forward
Office costs
Bank loan interest
2,795
2,617
214
2,187
1,671
339
5,626
4,197
Support costs
Governance costs
Independent examiner's fee
Accountancy and legal fees
2,400
1,629
2.200
1,065
4,029
3,265
Total resources expended
242,552
223,025
Net expenditure
(1,507)
{28,2771
This page does not form part of the statutory financial statements
Page 28